Diamonds and Pearls Residential Care Homes Inc

Analysis

Diamonds and Pearls Residential Care Homes Inc is a registered charity in United States, based in Altamonte SPG, FL. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Diamonds and Pearls Residential Care Homes Inc reported income of $1.1m and spending of $1.0m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $539k to $1.1m (+106%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 91%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Diamonds and Pearls Residential Care Homes Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Lighthouse ($1.1m), Nicholas Cardell Day Care Center Inc ($1.1m) and Todays Care & Family Services Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $122k (12% of expenses). Other salaries and wages came to $701k. At year end it held assets of $21k against liabilities of $94k, net assets of -$73k. It reported 135 employees.